Originally Posted by PS3Portal

Information about the briefing has emerged privately from senior sources close to Sony at the Game Developers Conference in San Francisco, with several senior staffers from the firm's overseas offices making the trip to the event next week.

However, further chatter among some developers at the show which pointed towards a rather more public PS3 unveiling in Tokyo later this month has been officially denied.

Next week's briefing is believed to be strictly for internal staff at Sony, with even the company's closest development partners from overseas not on the guest list. Only the top Sony elite appear to have been invited.

What exactly the Sony execs will get to see in Tokyo is hard to say. The final specification for the system is almost certainly complete, and if it is to be shown at E3, we'd expect that the physical design of the hardware has also been completed.

However, whether software demonstrations will be a part of the briefing is another question entirely - but it seems eminently possible, with several well-informed sources at GDC insistent that several of Sony's Japanese partners have had quite advanced PS3 development kits for "a couple of months", with the kits now making their way into selected developers in the west as well.

Despite the resignation of Ken Kutaragi as President of SCE, the Cell chip's research and development has risen in priority. The speculation that the cell's performance has been downgraded for monetary purposes has been denied by the new president of SCE Chubachi. "We have been having problems utilizing the cell chip's power, but in no way are we downgrading it's performance. We are researching and coming close to finalizing the Cell's initialization into the PS3 console"

Source:

GameIndustry.biz
SCEI

Originally Posted by Blackmane

This is going to turn into the same thing as the PS2.

Does everyone remember the speculation about how much potential power the PS2 had with its Emotion Engine and linked memory cores, blah blah blah? I have a feeling that this console is going to be the same way. Its going to have plenty of power, but developers aren't going to be able to utilize it all.

Originally Posted by Playstation Magazine

Developers at the Game Developers Conference received development kits, from both Microsoft's Xbox Xenon and Playstation3. Of both, the developer's thought the PS3 was more powerful, and the kits were amazingly easy to use.

Originally Posted by Jonbo298

Toy Story like graphics on the PS2
Jurassik Park like graphics on the N64

Silly companies :p

Originally Posted by Kyuzo

I'm already expecting big things at E3....